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HISTORIC REAL ESTATE MARKET IN CASA DE CAMPO
As the world continues to grapple with the fallout of the global pandemic, real estate sales in Casa de Campo remain strong with upward pressure on prices and downward pressure on housing inventory. Many sales in 2020 came thru Santo Domingo buyers who were looking for a safe place to invest their money and a secure community that offered reduced risk to themselves and their families. Casa de Campo has its own security services that are 600 members strong and provide round the clock presence throughout this 7000 acre gated community. Casa de Campo is not strictly bound by the current curfew policies of the Dominican Government.
There is a growing shortage of housing inventory priced under $700,000.00 as this bull market continues to buy more heavily in this price point. There is still ample inventory available over $1,000,000.00 but demand is working its way thru this inventory price point as well. If you are considering buying a property here, you should act now to avoid higher prices and reduced selection this spring and summer.
RE-OPENING CASA DE CAMPO AFTER THE LOCKDOWN
Casa de Campo Resort and sister company Costasur have taken an impossible situation and done so much to secure the safety and comfort of all residents and guests who live in CDC. Reopening after its first ever closure, CDC has done what so many successful businesses have had to do: adapt and grow, carefully finding a balance of service and luxury, while implementing comprehensive protocols to keep everyone safe. Their on-going commitment to the health, safety and engagement of our community is greatly appreciated.
TOURISM IN THE DOMINICAN REPUBLIC
More than 6 million tourists visit the Dominican Republic every year, making it the most popular tourist destination in the Caribbean and placing it in the top 5 overall in the Americas. The industry accounts for 11.6% of the nation’s GDP and is a particularly important source of revenue in coastal areas of the country.
As one of the most geographically diverse nations in the region, the Dominican Republic is home to Pico Duarte, the Caribbean’s tallest mountain peak at 10,000 feet and Lake Enriquillo, its largest fresh water lake and its lowest elevation. The earliest cathedral, castle, monastery and fortress built in all the Americas is located in Santo Domingo’s Colonial Zone , the historic old part of the city which has been declared a UNESCO World Heritage Site.
CENTRAL ROMANA CORPORATION
Central Romana Corporation, parent company to Casa de Campo, announced the investment of more than RD $530 million in its Zona Franca Industrial Park in La Romana, as part of it expansion and restructuring plans. The work which will begin this month includes the conditioning of 5 warehouses that make up approximately 15,000 square metres. The improvements and renovations will allow for the expansion and restructuring of some leasing companies in the industrial complex such as Tabacalera de Garcia, the largest producer of cigars in the world, allowing them to employ more than 5000 people.
The investment includes a wastewater treatment plant, support for electricity generation, layout of streets and pedestrian walks and access control. Last year the Zona Franca Romana Park commemorated its 50th anniversary. It has become an important source of employment in La Romana Province including the city of La Romana.
MINITAS BEACH AWARDED BLUE FLAG INTERNATIONAL CERTIFICATION
The Blue Flag is a badge awarded annually by the Environmental Education Foundation to beaches and ports that meet a series of environmental conditions. The Institute of Environmental Law of the Dominican Republic (IDARD) awarded the Blue Flage 2020-2021 International certification to Minitas Beach. Before granting any distinction, the international panel of the Blue Flag program performs rigorous evaluation processess of each beach, ensuring that it meets the demanding environmental requirements.
SUCCESSFUL BnB FOR SALE
28 Larimar is up for sale. This luxury Italian style villa has 2 grand ocean view balconies in addition to 7 bedrooms, 8 baths and a detached cottage. There are expansive courtyards around the villa and a beautiful pool / patio to enjoy. The property has marble floors, granite countertops and stainless steel appliances as well as enhanced security and a location at the top of the hill allowing for expansive views of Catalina Island, Saona Island and the Cruise Ship Terminal. Enjoy the fresh tropical breezes while the hummingbirds fly thru the gardens of this beautifully landscaped masterpiece. Priced to sell at $349,900.00, the current owner from Paris has meticulously maintained this property.
[* All information and images provided by Stephen Pakozdy *]